NAB Appoints David Pieri as Forex Derivatives Trader in NY

The National Australia Bank (NAB) has a new foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) derivatives trader, David Pieri, according to a report from FX Week. Taking a look at his LinkedIn profile, Pieri joined NAB in May of this year and is based in New York.

He joins NAB from Nomura, where he was employed for two years and five months, before leaving in April of 2019. At Nomura, Pieri held an executive director position and worked in FX STIR/Derivatives Trading, his LinkedIn states.

Pieri Launched his Career in 1998

Pieri’s career in the financial industry spans for more than two decades, commencing in September of 1998. He entered the industry as an assistant trader for the Susquehanna International Group, LLP (SIG).

At SIG, he assisted specialists in trading options contracts and stock to cover positions. This involves interacting with Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term and broker-dealers to match trades, according to his LinkedIn.

From SIG, Pieri moved on to work for Vanguard in September 1999 until March of 2000, where he was a junior investment analyst. During his time with the firm, he was based in Malvern, Pennsylvania.

As a junior investment analyst, he worked in the Investment Research & Analysis Group with senior investment analysts of the High Net Worth Department. As part of his role, he tracked all security holdings for clients such as stocks, bonds, and mutual funds.

In October of 2001, Pieri started working for the Royal Bank of Scotland (RBS) in forex and rates trading. During the more than 15 years that he worked for the firm, he was head of the North American FX forward desk.

According to his LinkedIn, this entailed managing short-end short-term interest rate trading and medium-term FX forwards books for deliverable forex, among other duties.

In addition to his career experience, Pieri is a Chartered Financial Analyst (CFA) and holds a Bachelor of Science in the field of Finance, Management Information Systems, and International Business from Drexel University's LeBow College of Business.